ACTIVE

HET WATERHUIS

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Financial year 2025 · closed on 30/11/2025

Net result

602,1 k €

-76.1% YoY

Gross margin

1,8 M €

-73.7% YoY

Equity

20,3 M €

-1.9% YoY

Workforce

3,6 ETP

-2.7% YoY

What does HET WATERHUIS do?

HET WATERHUIS is a Private limited company incorporated in 2005. Its registered office is in Oostkamp. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.572.865

Incorporation

10/10/2005

Legal form

Private limited company

Registered office

Kortrijksestraat 439
8020 Oostkamp · FlandreSee on map

Contributed capital

7 000 000,00 €

Latest accounts

30/11/2025

Average workforce

3,6 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	-73.7%	6,8 M €	+71.1%	4 M €	+18.5%	3,4 M €	+240%	992,7 k €		–		–		–		–		–		–		1,5 M €	+682%	194,6 k €	-91.5%	2,3 M €	+39.6%	1,6 M €	+159%	630,8 k €	+29.8%	486,1 k €	+326%	114,1 k €
EBITDA	1,5 M €	-76.4%	6,3 M €	+78.9%	3,5 M €	+13.4%	3,1 M €	+328%	726,4 k €	+16.1%	625,6 k €	-55.5%	1,4 M €	-47.3%	2,7 M €	+16.4%	2,3 M €	+126%	1 M €	-33.4%	1,5 M €	+25.8%	1,2 M €	+68.6%	718,1 k €	-60.1%	1,8 M €	+116%	834,3 k €	+79.4%	465,1 k €	+79.8%	258,7 k €	+151%	102,9 k €
Operating result	1,4 M €	-77.0%	6,1 M €	+77.6%	3,5 M €	+15.1%	3 M €	+551%	461,2 k €	+27.5%	361,8 k €	-68.1%	1,1 M €	-52.0%	2,4 M €	+18.9%	2 M €	+182%	703,7 k €	-43.1%	1,2 M €	+42.1%	870,8 k €	+118%	400,2 k €	-65.2%	1,1 M €	+74.7%	657,5 k €	+106%	319,9 k €	+114%	149,3 k €	+280%	39,2 k €
Net result	602,1 k €	-76.1%	2,5 M €	+10.2%	2,3 M €	-15.5%	2,7 M €	+1079%	229,7 k €	-59.5%	567,4 k €	-4.1%	591,8 k €	-54.5%	1,3 M €	+25.5%	1 M €	-47.4%	2 M €	+291%	503,1 k €	+84.2%	273,1 k €	+1009%	24,6 k €	-96.2%	649,6 k €	+198%	218,3 k €	+341%	-90,7 k €	-61.8%	-56,1 k €	-128%	-24,5 k €
Balance sheet
Equity	20,3 M €	-1.9%	20,7 M €	+7.9%	19,2 M €	+13.5%	16,9 M €	+19.1%	14,2 M €	+1.6%	14 M €	+4.2%	13,4 M €	+4.6%	12,8 M €	+11.3%	11,5 M €	+9.9%	10,5 M €	+23.2%	8,5 M €	+6.3%	8 M €	+3.5%	7,7 M €	+970%	721,6 k €	+902%	72 k €	+149%	-146,3 k €	-163%	-55,6 k €	-12256%	457,4 €
Total assets	37,7 M €	-15.7%	44,8 M €	-34.9%	68,7 M €	+204%	22,6 M €	-8.3%	24,6 M €	+13.0%	21,8 M €	-17.2%	26,3 M €	+6.8%	24,7 M €	-10.5%	27,6 M €	+8.6%	25,4 M €	-21.7%	32,4 M €	+51.9%	21,3 M €	+15.6%	18,5 M €	+25.5%	14,7 M €	+80.4%	8,1 M €	+4.8%	7,8 M €	+98.7%	3,9 M €	+209%	1,3 M €
Cash	4,3 M €	+52.3%	2,8 M €	-4.9%	3 M €	-12.1%	3,4 M €	+305%	833,8 k €	-54.8%	1,8 M €	-18.3%	2,3 M €	-0.6%	2,3 M €	+87.5%	1,2 M €	-21.3%	1,5 M €	+360%	334,7 k €	+43.6%	233,1 k €	+42.2%	163,9 k €	-36.5%	258,2 k €	+26.3%	204,4 k €	+732%	24,6 k €	-86.7%	185,3 k €	+4172%	4,3 k €
Debts	17,3 M €	-27.6%	23,9 M €	-51.6%	49,4 M €	+767%	5,7 M €	-45.4%	10,4 M €	+36.7%	7,6 M €	-39.6%	12,6 M €	+9.6%	11,5 M €	-26.5%	15,7 M €	+8.6%	14,4 M €	-38.1%	23,3 M €	+79.2%	13 M €	+24.5%	10,4 M €	-20.3%	13,1 M €	+78.0%	7,4 M €	-3.5%	7,6 M €	+103%	3,8 M €	+200%	1,3 M €
Other
Workforce	3,6 ETP	-2.7%	3,7 ETP	+8.8%	3,4 ETP	+21.4%	2,8 ETP	-9.7%	3,1 ETP	-3.1%	3,2 ETP	+14.3%	2,8 ETP	+21.7%	2,3 ETP	0.0%	2,3 ETP	-36.1%	3,6 ETP	-28.0%	5,0 ETP	-15.3%	5,9 ETP	-6.3%	6,3 ETP	+96.9%	3,2 ETP	+60.0%	2,0 ETP	+5.3%	1,9 ETP	+137%	0,8 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 6 ended

Active mandates

Franky Vanhee

Director

Active

Pieter Calus

Director

Active

William Vanhee

Director

Active

Ended mandates

William Vanhee

Director · since 07 décembre 2023

Ended

Pieter Calus

Manager · since 01 janvier 2016

Ended

Franky Vanhee

Mandate

Ended

Franky Vanhee

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/12/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/11/2025	30/11/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	23 months	12 months	12 months	12 months	12 months
Filing date	21/05/2026	16/05/2025	30/06/2023	28/06/2022	15/07/2021	09/06/2020
General meeting	12/05/2026	13/05/2025	12/06/2023	13/06/2022	16/06/2021	08/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	12/05/2026	21/05/2026	Dutch	PDF
Abridged model	30/11/2024	13/05/2025	16/05/2025	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	08/06/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	10/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	11/06/2018	06/07/2018	Dutch	PDF
Full model	30/12/2016	12/06/2017	30/06/2017	Dutch	PDF
Full model	30/12/2015	27/06/2016	30/06/2016	Dutch	PDF
Full model	30/12/2014	29/06/2015	03/07/2015	Dutch	PDF
Abridged model	30/12/2013	30/06/2014	03/07/2014	Dutch	PDF
Abridged model	30/12/2012	24/06/2013	25/06/2013	Dutch	PDF
Abridged model	30/12/2011	25/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 6 ended

Active mandates

Franky Vanhee

Director

Active

Pieter Calus

Director

Active

William Vanhee

Director

Active

Ended mandates

William Vanhee

Director · since 07 décembre 2023

Ended

Pieter Calus

Manager · since 01 janvier 2016

Ended

Franky Vanhee

Mandate

Ended

Franky Vanhee

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other16/05/2017
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2012
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office12/07/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other07/02/2011
Wijziging boekjaar
PDF
Registered office25/06/2008
VERPLAATSING MAATSCHAPPELIJKE ZETEL
PDF
Other19/10/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025602,1 k €↓
2024
Annual accounts 20242,5 M €↑
2022
Annual accounts 20222,3 M €↓
2021
Annual accounts 20212,7 M €↑
2020
Annual accounts 2020229,7 k €↓
2019
Annual accounts 2019567,4 k €↓
2018
Annual accounts 2018591,8 k €↓
2017
Annual accounts 20171,3 M €↑
2016
Annual accounts 20161 M €↓
2015
Annual accounts 20152 M €↑
2014
Annual accounts 2014503,1 k €↑
2013
Annual accounts 2013273,1 k €↑
2012
Annual accounts 201224,6 k €↓
2011
Annual accounts 2011649,6 k €↑
2009
Annual accounts 2009218,3 k €↑
2008
Annual accounts 2008-90,7 k €↓
2007
Annual accounts 2007-56,1 k €↓
2006
Annual accounts 2006-24,5 k €
10/10/2005
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HET WATERHUIS

Overview

What does HET WATERHUIS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline